Bienvenido 2 Group

Bienvenido II Communal Bank will start its first loan cycle with Pro Mujer as part of the Los Andes regional office. It's made up of eight members and governed by a board of directors of which María Eugenia's the president. The communal bank members carry out a variety of businesses, including apron sales, curtain sales, vegetable sales, embroidering clothing, neighborhood store, and blanket weaving.

The loan they'll get will benefit small business entrepreneurs like María Eugenia. She says she has been a member of Pro Mujer for seven years, having joined on the invitation of a friend who's a member. Currently she has a business making boxes for chocolate. She set the business up several years ago with her brother-in-law, then decided to set up her own work space.

The loan she's getting is to increase her capital with a purchase of cardboard. She'll acquire the cardboard from wholesale companies in the city of El Alto and, after making the boxes, sell them to chocolate factories. This job allows her to generate income to support her family, because she's married and has two children.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.